No idea roughy - but i bet the answer is a lot more complicated than the question suggests (i was a lawyer, but only for long enough to know that i dont know anything!)
As for the 3 years - they might have exclusivity for that long, but surely they'll knock the feasability study off asap - anyone know how long it would take?
And here's an announcement that i liked - Mr Burns is giving up other business interests to concentrate on CNM - hopefully because he thinks his workload is about to take off!
http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1813803&source=RNS
Maybe this signals CNM will sell it's 45% stake in CME - pity it wont fetch a lot.
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